American tech entrepreneur Brooklyn Earick has confirmed he will no longer pursue a formal offer to buy Tottenham Hotspur, choosing to drop his takeover bid after the football club previously turned down his consortiums informal proposal last month.
UK takeover regulations required Earick's group to either submit a formal offer by October 24 or withdraw interest following the club's rejection.
Tottenham announced to the London Stock Exchange that it is "no longer in an offer period."